TradeCap Partners closed a $1 million purchase order facility for a West Coast importer of premium food ingredients. The facility will enable the company to accelerate its rapid growth with their largest client.
The importer experienced a significant increase in demand from their primary customer after successfully replacing another supplier. The growth created a need for additional capital to cover the essential expenses needed to propel the business forward. The transaction was referred by a trusted advisor.
TradeCap’s facility provided a comprehensive solution tailored to the company’s needs by covering the cost of goods, freight and duties. This funding solution allowed the importer to meet growing demand from its top customer while also expanding their client base.
